Copper Investing News reports copper prices improved with the lost of fewer jobs recently in the US. Copper steadied on Thursday, gaining support from rising equities and a weaker dollar, after the metal plunged just before close on Wednesday. Wednesdays plunge was driven by a recovering dollar and weakening equity markets. The U.S. dollar bounced [...]
Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]
Gold Investing News reports a deal between Centerra Gold, a Canadian company and Kyrgyzstan’s lawmakers. The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the lucrative Kumtor mine, to 33 per cent from 15.7 per cent previously. In addition to increasing Kyrgyzstan’s role in the Kumtor project, the $100 [...]
Gold Investing News reports gold price rallies with news of global pandemic flu spreads. By Tuesday however, gold slipped below $900 for the first time since Thursday. It jumped to its highest since early April at $918.25 on Monday. Fears of a global swine flu pandemic grew with new infections in the United States and Canada [...]
Gold Investing News reports gold has a bright future. A prominent hedge fund manager claimed recently that commodities could be in line for a major boom in the next 18 months, Forbes has reported. In India, the largest consumer of the yellow metal, the Bombay Bullion Association has confirmed India’s gold imports have surged in [...]
Crude Investing News reports crude price fell about 40 cents this week. Weak crude demand and rising inventories have kept prices from rising higher. Storage facilities for crude oil in the U.S. have been swelling since the end of February, bloating to a nearly 19-year high last week. The signs were clear though. U.S. fuel [...]
Gold Investing News reports gold prices fell slightly while the dollar strengthened. According to analysts, optimistic investors read many recent commodity price gains and positive economic readings as an end to the downturn and are starting to unload safe-haven gold. What added to the melee was a firmer dollar, that also weighed on gold prices. [...]
Crude Investing News reports oil prices sliding and peaking at various periods. Oil prices soared higher on the prospects of a rebound in energy demand. “The market thinks the worse is behind us and that we’re heading toward recovery at the end of the year, early next year,” Fitzpatrick said. Spreading worldwide recession has ravaged [...]
Tin Investing News reports tin is doing well with the resurgence of the global markets. Traders said tin prices were up partly because of the re-emergence of a dominant position controlling more than 90 per cent of warrants on the London Metal Exchange stocks. The dominant holding is also why the premium for cash material [...]
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